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Tenzing Announces Strategic Investment

Tenzing Announces Strategic Investment and Partnership with Eventi Capital Partners Inc.

Toronto, Ont, November 27th 2007:

TORONTO--(BUSINESS WIRE)--Tenzing, a leading provider of high-end managed hosting solutions for mission-critical web sites and applications, has entered into a strategic partnership with Eventi Capital Partners Inc. (Eventi). Under the agreement, Eventi will take an equity stake in Tenzing, an investment that will enhance the quality and scope of service, expand capacity and accelerate growth. Eventi will also contribute management guidance from their deep level of experience with rapidly growing, technology-based service companies.

CEO of Tenzing, Brian Shepard commented "Tenzing is on track for another record year as more and more high profile customers outsource their IT infrastructure and application management to our team of highly-trained professionals. We welcome Eventi as a key partner as we take our business to the next level in 2008," Shepard continued, "providing us with additional expertise and capital to deliver more services and build-out state-of-the-art facilities as we expand our loyal customer base."

Bill DiNardo, (Managing Director of Eventi), said "Tenzing has demonstrated that it has a powerful combination of operational excellence, customer focus, corporate values, and employee dedication. This makes them stand out from the pack, and when you combine that with quadruple digit growth, the choice becomes very clear. We are very pleased to be a part of this very innovative and energetic team," DiNardo continued.

Tenzing and Eventi already have become a dynamic working partnership, focused on growth. The fruits of the partnership, will show in 2008 with the next level of mission-critical managed hosting solutions.

About Tenzing

Tenzing specializes in assisting organizations with business-critical Internet applications achieve their business objectives through a collaborative and proactive approach to IT service management and a comprehensive portfolio of managed services. Tenzing's award winning "Summit with Tenzing" service model, guided by ITIL best practice, minimizes the risk and maximizes the value delivered by business-critical applications over the entire IT life-cycle: from project assessment to ongoing improvement. Tenzing is recognized as a market leader that has consistently ranked amongst the fastest growing companies in Canada. Visit www.tenzing.com for more information or call toll free 1.877.767.5577

ABOUT EVENTI CAPITAL PARTNERS INC.

Eventi Capital Partners Inc. provides capital, human resources, and management consultancy to help existing technology-based businesses accelerate their growth. Our company's Managing Partners include: Bill Di Nardo and Scott Bryan (founders and former Senior Executives of Grocery Gateway), Derek Ruston (Chairman of Environics Research, private equity investor and former McKinsey consultant) and Arun Gowda a former Investment Banker with UBS London. Visit www.eventi.com for more information.

For more information, please contact:
Barry Cohen
Tenzing Managed IT Services
sales@tenzing.com
1.877.767.5577

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